Discover the potential of this charming 4-plex located in the heart of Tukwila. Three 2 BR/1 BA and One 1 bed/1 bath units are fully leased and consistently rented to present a significant upside for savvy investors. All will be MTM leases by end of July. Well maintained property has been meticulously cared for, offering a solid foundation for value-add improvements. Rents are below market giving this value-add potential by raising rents between 20-62% and continuing to improve the units. Potential for 6.9% market cap! Opportunity is knocking! Coin-op laundry, great location minutes to shopping, restaurants and freeways. For owner occupants, chance to get a residential loan and earn income on the other 3 units.
Sold
Listed by:
Cathy Wahlin,
Windermere Real Estate/PSK Inc
Bought with: Better Properties Kent LLC
$950,000
6507 S 153rd Street, Tukwila, WA 98188
--beds
--baths
3,660sqft
Multi Family
Built in 1966
-- sqft lot
$969,500 Zestimate®
$260/sqft
$2,607 Estimated rent
Home value
$969,500
$892,000 - $1.06M
$2,607/mo
Zestimate® history
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$2,607/mo
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$5,593/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 05, 2024 at 05:48am
Listed by:
Cathy Wahlin,
Windermere Real Estate/PSK Inc
Bought with:
Joseph Marcel Franco, 83760
Better Properties Kent LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2240850
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Slate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,660
- Total interior livable area: 3,660 sqft
Property
Parking
- Total spaces: 5
- Parking features: Open
- Uncovered spaces: 5
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,799 sqft
- Features: Adjacent to Public Land, Dead End Street, Paved, Cable TV, Deck, Fenced-Partially, Patio
Details
- Parcel number: 2954900346
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Slab
- Roof: Flat,Torch Down
Condition
- Year built: 1966
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Tukwila
- Water: Public, Company: City of Tukwila
Community & neighborhood
Location
- Region: Seattle
- Subdivision: Tukwila
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 632 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2024 | Sold | $950,000-2.6%$260/sqft |
Source:  NWMLS as distributed by MLS GRID #2240850 Report a problem | ||
| 7/22/2024 | Pending sale | $975,000$266/sqft |
Source: NWMLS as distributed by MLS GRID #2240850 Report a problem | ||
| 7/11/2024 | Price change | $975,000-2%$266/sqft |
Source: NWMLS as distributed by MLS GRID #2240850 Report a problem | ||
| 6/20/2024 | Listed for sale | $995,000$272/sqft |
Source: NWMLS as distributed by MLS GRID #2240850 Report a problem | ||
| 6/14/2024 | Pending sale | $995,000$272/sqft |
Source: NWMLS as distributed by MLS GRID #2240850 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,897 +5.8% | $923,000 -0.1% |
| 2023 | $10,298 +3.8% | $924,000 +1% |
| 2022 | $9,925 -1.9% | $915,000 +12.8% |
Find assessor info on the county website
Neighborhood: 98188
Nearby schools
GreatSchools rating
- 5/10Tukwila Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Showalter Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Foster Senior High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$969,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$969,500
- Washington
- King County
- Tukwila
- 98188
- 6507 S 153rd Street